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VALENCIA, Calif., Sep. 4, 2003 -
September 4, 2003. 3D Systems Corp. (NASDAQ: TDSC) announced today that it filed a registration statement, Form S-1, with the SEC (Securities and Exchange Commission) on August 29, 2003 to register shares of its common stock previously issued, or which underlie debentures, preferred stock, or stock options and warrants previously issued. Of the shares registered, approximately 2.6 million shares were earlier registered in 2002 and are attributable to private placement transactions occurring in 2002 and 2001, however the registration statements previously filed on Form S-3 for these shares are no longer available for use because of the Company’s late filing of the 10-K. Of the remaining shares, approximately 2.6 million underlie the Series B Convertible Preferred Stock which was sold in May 2003 and an additional 2.2 million potentially issuable as dividends. These shares would only be issued should the company pay future dividends in stock. Dividends on Company’s preferred stock can be paid in cash or stock at Company’s discretion.
About 3D Systems
Founded in 1986, 3D Systems®, the solid imaging companySM, provides solid imaging products and solutions that reduce the time and cost of designing products and facilitate direct and indirect manufacturing. Its systems utilize patented technologies to create physical objects from digital input that can be used in design communication, prototyping, and as functional end-use parts.
3D Systems currently offers the ThermoJet® solid object printer, SLA® (stereolithography) systems, SLS® (selective laser sintering) systems, and Accura® materials (including photopolymers, metals, nylons, engineering plastics, and thermoplastics).
3D Systems is the originator of the advanced digital manufacturing (ADMSM) solution for manufacturing applications. ADM is the utilization of 3D Systems solid imaging technologies to accelerate production of smaller volumes of customized/ specialized parts. A typical ADM center is expected to contain multiple 3D Systems’ SLA, MJM and/or SLS systems dedicated to full-time manufacturing applications.
Product pricing in the U.S. ranges from $49,995, for the ThermoJet printer, to $799,000 for the high-end SLA 7000 system. 3D Systems’ multiple platform product line enables companies to choose the most appropriate systems for applications ranging from the creation of design communication models to prototypes to production parts.
More information on the company is available at www.3dsystems.com, or by email at , or by phoning 888/337-9786, or 661/295-5600 ext. 2882 internationally. An investor packet can be obtained by calling 800/757-1799.
Note to editors: ADM and the solid imaging company are service marks; and si2 is a trademark; and ThermoJet, SLA, SLS, Accura, 3D Systems and the 3D logo are registered trademarks of 3D Systems Inc.
Certain statements in this news release may include forward-looking statements that express the expectation, prediction, belief or projection of 3D Systems. These statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance and achievement of 3D Systems to be materially and adversely different from any future results, performance or achievement expressed or implied by these forward-looking statements. Factors that may cause actual results to differ from the forward-looking statements contained in this release and that may affect the company's prospects in general include, but are not limited to; disruption caused by the reconfiguration of the management team, the receipt of a commitment letter by September 30, 2003 to refinance the outstanding obligations with US Bank; the funding of amounts of capital adequate to provide for the working capital needs of the Company; actions of competitors and customers; resolution of currently pending litigation; the Company's ability to successfully design and produce new products; customer acceptance of new products; the Company's ability to enter into successful relationships with new customers to fully exploit its products; the Company's ability to successfully implement all elements of its restructuring and cost savings program, and such other factors as are described in the Company's filings with the Securities and Exchange Commission. The Company does not undertake to update any forward-looking statements.
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